Pental clears the air

We upgrade our recommendation to "hold" after gaining clarity about the supermarket supplier's capital expenditure program and first-half advertising costs.

After Pental’s (PTL) latest half-year result we had a “sell” recommendation on the stock due to concerns around management’s ability to achieve sustainable earnings growth. We are now upgrading our recommendation to “hold”, with some further clarity around the company’s outlook.  

The stock is certainly not expensive trading on a price-earnings (PE) multiple of 10 and dividend yield of 6 per cent.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles